Filter Bags Market Growth Forecast by Application & Regional Outlook during 2019 – 2024
India Filter Bags Market from cement application will exceed USD 125 million by 2024. The product being abrasion resistant is utilized for clinker cooler and cement kilns in cement industry. Increasing investments in real-estate sector owing to rising urbanization will have a positive impact on cement industry which will stimulate market growth.
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Germany filter bags market from pharmaceutical application will exceed USD 8 million by 2024. The product is FDA compliant and is utilized in boilers for drug manufacturing process. Increasing government policies and health awareness programs will stimulate pharmaceutical industry market hence, boosting product demand.
Rising need of pollution control devices in several industries including cement and chemical to avoid hazards and control dust and harmful gas emissions will positively impact filter bags market. These products help to separate fine particles and dust molecules, thus helps to lower suspended dust particles in the atmosphere. These product offers low pressure drop across the unit and pursues automatic cleaning properties.
Government regulations and policies to reduce air pollution and particulate matter levels in the environment will propel market. The market may surpass USD 4 billion by 2024; according to a new research report. Products quality may degrade at elevated temperature. These products also require regular maintenance for its continuous efficient operation and longer life. These factors may hamper industry growth and market price trends.
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Filter bags market is fragmented with major industry players including:
• Koch Filters
• AGET Manufacturing
• Lydall Industrial Filtration Textile Manufacturing Ltd
• Parker Hannifin Corporation
• Kavon Filter Products Co.
Companies are investing heavily in capacity expansion, R&D, and product portfolio expansion for growing product demand.
Polyester filter bags market may observe significant gains over 5.5% in the projected timeline. The product is extensively used for industrial applications including metal working applications. Metals including iron and steel are used for manufacturing vehicles. Growing demand of metals owing to expanding automotive sales in India and China will foster product demand.
Filter bags market from chemical application may observe significant gains over 4.5% in the projected timeline. The product including polypropylene filter bag withstands constant exposure to corrosive chemicals and high temperatures. It withstands mechanical stress due to high dust loading. New technological developments and innovations in chemical manufacturing industry will boost market profitability.
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